<ARTICLE> 5
<LEGEND>
This schedule contains summary information extracted from the unaudited
financial statements contained in the Company's quarterly report on Form 10-Q
for the quarter ended March 31, 1998, and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                       2,787,275
<SECURITIES>                                11,857,124
<RECEIVABLES>                                1,411,089
<ALLOWANCES>                                         0
<INVENTORY>                                    196,910
<CURRENT-ASSETS>                            17,397,680
<PP&E>                                       4,640,177
<DEPRECIATION>                             (1,995,591)
<TOTAL-ASSETS>                              21,102,347
<CURRENT-LIABILITIES>                        3,797,173
<BONDS>                                              0
<PREFERRED-MANDATORY>                       11,784,431
<PREFERRED>                                          0
<COMMON>                                     3,374,874
<OTHER-SE>                                   1,895,443
<TOTAL-LIABILITY-AND-EQUITY>                 5,270,317
<SALES>                                      8,144,259
<TOTAL-REVENUES>                             8,144,259
<CGS>                                                0
<TOTAL-COSTS>                                5,790,514
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              2,353,745
<INCOME-TAX>                                   947,829
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,405,916
<EPS-PRIMARY>                                      .05
<EPS-DILUTED>                                      .05